- Direct lending (948)
- Emerging markets (99)
- High yield bonds (730)
- Investment grade credit (235)
- Structured credit (321)
- CLO (2571)
- Distressed debt (390)
- Credit derivatives (356)
- Leveraged loans (587)
- Marketplace lending (21)
- Real assets (175)
Former structured credit co-head Messina lands on buy side2 days ago
Megan Messina, former co-head of structured credit at Bank of America, has resurfaced at an asset manager three years after leaving the bank
MidOcean Credit co-founder leaves to head PE firm's credit expansion3 days ago
Multi-strategy private equity firm Siguler Guff has poached a co-founder of MidOcean Credit Partners to lead the expansion of its credit platform
US pension backs special opportunities fund3 days ago
Virginia Retirement System (VRS) has committed $150 million to a special opportunities fund, managed by Ares Management Corporation
JP Morgan AM moves CFO to head up private credit3 days ago
The chief financial officer of JP Morgan Asset Management has switched to a newly created role as head of private credit
Falling correlation reignites passion for index tranche trades3 days ago
Dispersion in the global corporate credit market is rekindling interest in correlation trading, with dealer sources reporting that a late surge lifted 2019 index tranche volumes to $250 billion.
Pitching your structured credit fund: the three golden rules3 days ago
Structured credit fund managers were given a lesson in how to market their strategies by a group of asset allocators at the Creditflux CLO Summit in New York.
Farewell Mike3 days ago
After two decades, Mike Peterson, the founder and long-time editor of Creditflux, is moving on.
Private debt secondaries expected to soar in 20203 days ago
Private debt secondaries grew massively in 2019 — and more is expected this year.
Activists sign up to narrowly tailored event protocol3 days ago
The International Swaps & Derivatives Association has signed up 1,298 parties, including nine reference dealers, to a protocol aimed at preventing narrowly tailored credit events (NTCEs).
Points up front: There are lies, damn lies and awards pitches3 days ago
We’re hearing empty boasts, trash talking of their rivals and no shortage of promises that will absolutely be delivered.
Points up front: ‘We’re slow and not smart’3 days ago
Politicians on the campaign trail would do well to take a leaf out of Brian Starr’s book.
Volatility wave brings index-linked CLO funds into play3 days ago
Defensive positioning from loan managers has led to bifurcation in that market, but CLO fund managers are taking an attack-minded approach with ‘index-linked funds’.
Heavyweight investors poised to step up US CLO allocations3 days ago
CLO issuance in 2020 could be boosted by the return of two of the asset class’s largest historic investors, sources say.
Anchorage markets CLO with MVOC test3 days ago
Market value overcollateralisation (MVOC) tests are gaining prominence, with Anchorage Capital Group looking to incorporate one in its forthcoming high triple C CLO, according to marketing materials seen by Creditflux.
CLOs wrestle back control of the European loan market3 days ago
The share of European loans bought by CLOs is now larger than those acquired by loan managed accounts and hedge funds, according to a research paper by Barclays.
CSO arrangers look to build on $65bn of issuance in 20193 days ago
The synthetic bespoke tranche market this year has fallen short of expectations in terms of overall issuance volume, but ends with transformative inroads being made.
Deep dive trade is on, but single name risks still abound3 days ago
High yield CDS is reversing its previous underperformance versus investment grade, reflecting an investor shift down the quality spectrum in cash bonds.
- Junior CLO tranches have lost around five points in the past quarter. In response, new issue desks are dressing up junior debt in two piece suits and designing a range of protective styles3 days ago
Deluxe decline leaves CLOs feeling deflated3 days ago
Deluxe looked decent: trading in the 90s for much of this year, with 60% of its term loan sitting in CLO portfolios. But its rapid descent underlines the dangers posed by idiosyncratic events.
- Creditflux’s second Women In CLOs event took place in New York in November, with a wine tasting forming the perfect backdrop to an evening of networking3 days ago
Attack is the best form of defence3 days ago
Yes, idiosyncratic risks are creeping into corporate credit. But speakers at Creditflux’s CLO Summit were convinced that the most creative firms will be able to thrive without taking on additional risk
Fund performance: Long-short funds rule in October as CLO funds struggle3 days ago
A round-up of fund performance
- A round-up of CLO performance3 days ago
Welshcake: Don’t get too comfortable. The truth is there are hundreds of things that could be catalysts for a sell-off3 days ago
Just because there’s no obvious sign of a sell-off, doesn’t mean it’s not going to happen. Often, market moves defy logic
- The definition of a tier one manager has evolved from the days when big brands where considered best3 days ago
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